Bernstein Research on Tuesday put its price target on Coinbase Global Inc. (NASDAQ:COIN) at $310, a potential 69% upside from its current price of $188.96.
The research firm highlighted Coinbase’s dominance in the U.S. crypto market and projected robust earnings growth driven by regulatory clarity and expansion of crypto trading volumes back to American shores.
What Happened: “Coinbase is uniquely positioned to capitalize on the reshoring of global crypto markets to the United States,” Bernstein analysts wrote in their report.
They added that Coinbase’s entrenched leadership, with over 66% U.S. market share, places it as the premier platform to benefit from an increasingly crypto-friendly regulatory environment.
Bernstein expects Coinbase’s earnings per share (EPS) to grow at a compound annual growth rate (CAGR) of 38% through 2026, substantially ahead of …
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